 My dad Claimed me on his tax return but he wasnt supposed to how do i go about filing my taxes? |
| IM 21 i didnt go to school last year He wasnt supposed to claim me but he did i want to file my taxes but i dont know if im gona be held acountable if i put down that i was claimed on my taxes ... |
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 Food stamps, I know Im going to get bashed? |
| i got myself into big trouble. My kids and I recieve food stamps. I took on a babysitting job making some extra cash last year, but I never told the state. I am still way below the maximum amount to ... |
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 Would u hire part time employee in a tiny mom & pop neighborhood convenience store by paying undertable? |
| Husband & wife owns a tiny neighborhood convenience store(sells groceries, beer & wine, lottery) & works 7 days a week (about 80 hrs/week). They've been working in this arrangement ... |
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 Y am I not eligible for the economic tax stimulus? |
| I had a son nov 2007. i'm 19 yrs old n i filed my 2006 and 2007 taxes together in februaury. My mother didn't claim me, and still yet I did not receive a letter saying I would be receiving ... |
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 When you file your taxes this year what are you spending your money on? |
| When you recieve your check this year what do you plan on spending it on this year?And how do you plan on spending it and why?... |
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 Should we we file joint or separate taxes? |
| I got married last April so this is all new to me. We live in California. My husband was a student last year and made $15,000. I made $57,500. I would like to know what is more advantageous as a ... |
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 What is the best way to file for taxes for a first time married couple? |
| My husband and I married in March of 2007? We have three children. I am wondering what way we can file and still get a good amount back. Last year I filed and received $5,000 and he filed and ... |
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 I didn't file taxes in 2003, is there a waiver so I don't have to pay the penalties? |
| I got a letter from IRS saying I owe money for not filing taxes in 2003. I was 19 and made 16k that year. I lived with my parents and I was a full time student but I wasn't claimed as a ... |
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| How do I report someone that I know is babysitting for money but not claiming the income? is this tax evasion |
| I have someone that I know is babysitting children, in her home and charging people money. I know that she does not claim this money on her taxes and has done this for over 10 years? There are ... |
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 Income tax question? |
| I have a serious question about my W2 forms I lost all my forms by accidently thowing them in the trash do I contact the IRS for help?... |
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 Tax debt relief HELP!!!? |
| My roommate is in debt $12,000 with the IRS and it just keeps stacking up, we barely make it by as is and have no money to pay a tax debt relief company to help, does anyone know of any that are free ... |
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 If I sold my house low then what i paid for, can i claim it for the tax? |
| As you all know, the house price is low. I am going to sell my house and it probably will lower than what i paid for. Can I claim it next year for tax?... |
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IBAmyB | Is anyone else shocked by how many people EXPECT refunds before they even file??? |
If people fill out their W-4s correctly and then they should see very little back or owe very little. You can ven claim EIC on your W-4s, right?
I personally rather have that "refund" as part of my check every time instead to "struggling" to make ends meet until April every year!
Am I weird for doing our taxes that way? |
 |
 
Steve
 |
I totally agree with you. All of these people have not had the use of the money for the entire year. However, they think that they MUST have the money NOW. Like waiting an extra month or so to get their W-2 to file their taxes is going to cure their current financial situation. There have been plenty of studies to show that all people do with the money that they haven't been using for over a year (better known as a tax refund) is just wasted on stupid purchases. These are the same people that when they come into a large amount of money blow through it in a year or so.
When it comes to W-4 filing's, I usually give a standard answer that allows people to come close to breaking even.
So, are you weird? Yes, you are. Welcome to the club. I hope you know the secret handshake. |
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criolla80
|
I have a cousin with 5 kids (seriously, she's 27).
She maps out what she's going to spend her $7,000 on each year. She usually ends up buying expensive clothes, makeup, shoes, etc. It's normally gone by the next month. Right after, she goes right back to living paycheck to paycheck. |
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Kaska
 |
Many people feel it is just better to expect a refund as oppose to trying to pay a tax bill. This is why I pay a little extra through out the year. |
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Alex
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I'm not shocked but I do think these people are weird. I'm heartened by some of the other Answerers here who also think it's weird. I thought I was the only one who takes the view it's better to keep hold of my money throughout the year rather than give the Government a free loan of my money until a tax refund would be due. |
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kevin h
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Most people are not very informed on taxes and the way they work. Personally, I have mine setup similar to you. That way, I have more money to invest throughout the year. So by the time I would have gotten a lump sum, I have saved little by little with interest, and it ends up being more than what a big tax return would have been. |
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boo2
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You are doing it the smart way. Better to have the money in a savings account because you got it in your paycheck, than to have the gov. hold onto it for their interest.
Same goes for Mortgage escrow accounts, etc (unless they give you the interest to the account...)
I had a room mate in college that had no taxes taken out of his check, calculated what he needed to pay, put that into an account, and paid (I think) quarterly. Seemed to work well for him, but that seems a bit risky to me...
But the gov. gets to make money by scaring people with owing, and by giving them the thrill of giving their own money (less any interest) back to them at the end of the year. |
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sandra k
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I like to get my refund!.. yes, I know if I had less held out the government would not have my money interest free.. but, I would not "save" whatever I had "extra." from my paycheck. So, I know I will have a refund... and what do I do with my refund? Pay off my interest free credit card! |
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namatsar67
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